© Dukascopy Bank SA
-Commonwealth (based on TVNZ)
Pair's Outlook
NZD/USD advancement was stopped by negative trader sentiment at 0.8125. Pairs outlook remains negative and if even pair is to advance further cluster of support levels around 0.8178 should provide enough resistance to push it back to 0.81.
Traders' Sentiment
Share of long positions decreased by 20% since Thursday as 57% of traders are currently holding short positions on the pair. However, 55% of all pending orders are buy orders suggesting that we might see another switch in the market sentiment soon.
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